this post was submitted on 03 Sep 2024
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People just don't want to believe that China can win at capitalism because it undermines all their internal narratives around the innovation power of liberalism. I say this as someone who does not personally like China and its authoritarianism.
The fact of the matter is with a population of nearly 1.5 billion people, you're statistically guaranteed to have enormous pools of talent to draw on. Even a relatively modest per capita investment in education, focused on key objectives and funneled into the portion of the talent pool that they've managed to identify, will be able to yield massive innovation.
A lot of people will suffer under this authoritarianism. The people from these talent pools will be exploited and burnt out at a young age. This is already happening in China. But as a nation, it will be able to position itself extremely well technologically and economically, and this is a reality the rest of the world needs to be prepared to deal with.
I'm very ambivalent about China, but Xi definitely is taking China in the wrong direction politically IMO. He is extremely authoritarian, and also in international politics he is a bully.
It's sad because I believe China was on a path in the right direction before Xi.
But for sure as you say, we need to be prepared for China becoming the #1 economy in the world. The way China behaves now, does not bode well for when China is unmatched.